Housing Starts

The NAHB just released the graph of housing starts in the United States. For the first time in 3 years, housing starts are up.

Also, for the first time in 4 years, inventories are down:
2005: 4.5 months
2006: 6.5 months
2007: 8.9 months
2008: 10.5 months
Today: 9.7 months

It appears that the housing market has finally reached bottom and is making a turnaround. The housing bust of the late 80’s, turned into a 17 year housing boom. Who knows what’s in store this time, but given the current housing data, and the economic stimulus coming out of Washington, you have to believe that we are at the beginning of a turnaround, and that means inventories will continue to shrink, prices will go up, values will rise, investors will return, and mortgage rates will go up. I’m no Warren Buffet, but I have been in this industry for 21 years, and if your goal is to time the market, then I suggest now is the time.

Please call Cyndi Hayth at 512-461-7990 for information on our existing inventory. Custom clients and Realtors, please call Cyndi to learn more about our current incentives. They won’t last much longer.

Shan Jenkins
“2006 Custom Builder of the Year”